Bangko Sentral extends deadline to exchange demonetized notes


Posted at Oct 27 2017 04:18 PM | Updated as of Oct 30 2017 09:50 AM

MANILA - (UPDATE) The Bangko Sentral ng Pilipinas on Friday set a new Dec. 29, 2017 deadline for the public to exchange old bank notes that have been demonitized.

Up to P100,000 worth of the demonitized bills at a time can exchanged for legal tender, the central bank said in a statement.

The deadline to exchange old bank notes was originally set last June 30.

Editor's note: An earlier version of this story misstated the deadline on Dec. 31, instead of Dec. 29. We regret the error.